What to consider

From time to time, a business needs a cash injection. With so many lenders offering a dizzying array of products, it can be difficult to know what to choose.

There are plenty of different types of business finance, but before diving in and applying, it’s important to understand your requirements first, so that a loan can be matched to your needs, and so that you can potentially avoid the problem in the future.

The consequences of choosing the wrong finance product include paying too much for finance or ending up with a loan that simply isn’t fit for the purpose – in this case it may make a problem worse, rather than solving it.

Finding the right loan

Finding the right loan is important to match your specific requirement. For example, a business overdraft gives you access to cash to cover short term requirements, such as bridging the gap between service delivery and payment. An overdraft is likely to offer a cheaper interest rate than a credit card.

While, if you are looking to acquire a long term fixed asset for your business then getting a term loan is the right choice, which will also give you the certainty of fixed periodical repayments.

We can help you navigate through the various options to find the one that’s right for you.

To be eligible for business finance, you will need to demonstrate a history of financial performance, including evidence of solid cash flow and the ability to manage expenses and liabilities.

While SMEs account for 97 per cent of Australian businesses, it can still be difficult to make a case to a bank when looking for finance to start a new business or invest in the growth of an existing one.

Can we help you?

With so many finance providers offering different finance types, with varying structures and repayment options, it can be difficult to find the one that’s best for your business. It pays to seek independent advice before you make your choice, and this is where we can help you as your finance consultant.

Talking to a commercial finance consultant means gaining access to myriad finance products and loan types, as well as expertise in matching your needs to the right loan type. An experienced finance consultant can take a broad view of a business’s finance, assist in business planning, and use their deep knowledge of a client’s needs to look beyond a simple ‘lowest interest rate’ formula in selecting a finance product, ensuring that business owners have access to the funds they need.

Whether you are sole trader, partnership or large enterprise, we have a range of lenders and products that can help you in your next business venture. We’re committed to providing our clients with the best advice to match your present business requirements and future objectives. This may include various credit options such as overdrafts, term loans, commercial bill facility etc. Once we have sourced a lender that understands your current position and requirements, we will then manage the lender’s ongoing review and reporting covenants for you. 

What to do next?

If you are looking for a business finance, please contact us for a free consultation. The first step for you is to sit down with us to discuss your business lending requirements. To be eligible, you must be able to show strong financial history with evidence of positive cash flow. Once we guided you through the options that best fit your business needs, we will then take care the application process for approval with the lender enabling you to focus on the important things like running your business. Contact us